Crypto mogul Do Kwon sentenced to 15 years in prison for fraud
Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors soughtDo Kwon, the entrepreneur behind two cryptocurrencies that lost $40bn (£29.8bn) three years ago and caused the sector to crash, has been sentenced to 15 years in prison for fraud.The South Korean,...
<p>Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors sought</p><p>Do Kwon, the entrepreneur behind two cryptocurrencies that <a href="https://www.theguardian.com/technology/2025/aug/12/crypto-do-kwon-fraud-guilty">lost $40bn (£29.8bn) three years ago</a> and caused the sector to crash, has been sentenced to 15 years in prison for fraud.</p><p>The South Korean, 34, had pleaded guilty to two counts of US charges of conspiracy to defraud and wire fraud.</p> <a href="https://www.theguardian.com/technology/2025/dec/12/do-kwon-cryptocurrency-terraform-labs-co-founder-prison-fraud">Continue reading...</a>
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